What S.A. bred babies cost a fortune & earned nearly ZILCH ?

Attached is a .csv file with prices from 1998 to 2010 sales, where the sale price is 3x or more the sale average.
Added earnings, MR and buyer (vendors only for more recent years.
You can open in excel and play around with it.
Sale venues: gw=cape, tt=ready to run, rest self explanatory...

Attached files SALES.CSV (54.1 KB)Â

Thank you Karel

Amazing list Karel.

Be interesting to see how this compares with all solds.

So from a list made up of yearling which cost triple the price of that sales average we find that 12.8%, or only 1 in 8, earned more stakes (before deductions and keep etc) than the purchase price.

Having said that, 10% or so had a rating of 100+, and there are about a dozen champions including Dynasty, Pocket and Igugu.

Jack Dash Wrote:

---

> Amazing list Karel.
>
> Be interesting to see how this compares with all
> solds.
>
> So from a list made up of yearling which cost
> triple the price of that sales average we find
> that 12.8%, or only 1 in 8, earned more stakes
> (before deductions and keep etc) than the purchase
> price.
>
> Having said that, 10% or so had a rating of 100+,
> and there are about a dozen champions including
> Dynasty, Pocket and Igugu.


We can make of stats what we want - what struck me is that more than half of these 'expensive' horses earned less than 20% of their purchase price :

Would indeed be interesting to compare against the rest (those that cost less than triple the sales average)

i bet its the same percentage for cheapies

To my mind, the people who buy expensive horses do so in the hope of cracking a really good horse.
They are not foremost thinking of recouping purchase prices at all.
Only little people like us think that way.

There are only 30 or so Gr1 races during a year.
Some of these races are won by horses who never went through the sale ring, while some horses win more than once.
That gives a very small percentage of hitting the jackpot from sale-buys.
The more elusive it is, the more people will pay over the odds to have one.
That true in may other spheres as well - scarcity creates excessive behaviour.

Throw stats out of the window - they are meaningless when it comes to paying big money.

Here's an interesting number.

Taking the yearlings from the new Cape yearling sale of 2011 and 2012, and the National Sale of 2011.
There were just over one thousand 'sold'.
Half of these went to a select group of just 25 buyers (who spent accordingly).
The other half were buyers of ones and twos (generally speaking).

I suppose I should look (for comparison) at how many individual buyers there were in the 'expensive' category.